Vermont, home of EB-5’s largest fraud ever, welcomes new reform bill

EB-5 News

Date

Apr 05, 2021

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Senator Leahy, a co-sponsor of the EB-5 Reform and Integrity Act of 2021, represents the state of Vermont, the home of the Northwest Kingdom scandals. A major allegation against fraud mastermind Ariel Quiros was that massive amounts of investor capital never made it to the Vermont projects they were meant for; the Reform Act would give the Department of Homeland Security greater ability to ensure investor funds are not commingled, and that regional centers must comply with regulations. See the Seven Days story

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